Materiality in Derivative Disclosures?

Introducing the Portfolio Method: The FASB Expands Fair Value Hedge Accounting

On March 28, the Financial Accounting Standards Board (FASB) issued ASU 2022-01 to improve and expand fair value hedge accounting. Here’s what this update means for corporates and other organizations using the last-of-layer strategy.
LIBOR Transition: Understanding FASB’s Latest Reference Rate Reform Guidance

In March, the FASB issued ASU 2020-04 on the “Facilitation of the Effects of Reference Rate Reform on Financial Reporting.”
LIBOR Transition: The Latest Interest Rate Reform Details

As LIBOR is phased out, reference rate reform will identify new and alternative reference index rates for financial instruments, including the Secured Overnight Financing Rate (SOFR).

Watch the FASB video here to learn about the project to improve the effectiveness of disclosures in notes to the financial statements.